Parker Duofold
NES Member
Obviously Colt has huge financial problems.
They are into the Wall Street bankers in a very large way (private equity owners, Sciens Management) and there are also the bondholders who aren't anxious to take a pennies on the dollar settlement.
Reintroducing the iconic "snake guns" isn't going to begin to solve Colt's money woes. They are very labor intensive to manufacture and I'd guess the skilled gunsmiths who made them are long gone.
Colt needs to declare bankruptcy. Their problem isn't necessarily the high cost of union labor or even being in Connecticut -- they just need more business to offset those costs and become profitable. As in most business without the sales you're done.
Handguns to compete directly with Glock, S&W and the like - I don't think so.
They are into the Wall Street bankers in a very large way (private equity owners, Sciens Management) and there are also the bondholders who aren't anxious to take a pennies on the dollar settlement.
Reintroducing the iconic "snake guns" isn't going to begin to solve Colt's money woes. They are very labor intensive to manufacture and I'd guess the skilled gunsmiths who made them are long gone.
Colt needs to declare bankruptcy. Their problem isn't necessarily the high cost of union labor or even being in Connecticut -- they just need more business to offset those costs and become profitable. As in most business without the sales you're done.
Handguns to compete directly with Glock, S&W and the like - I don't think so.